Smart Shield Premier

A Lifetime of Security, In Every Step

Buy Now

Coverage for Life's Journey  

Know about SBI Life – Smart Shield Premier

UIN: 111N145V01 | Product Code: 3K

Level Cover & Increasing Life Cover Option

Coverage Up to Age 85 Years

Optional Rider^ Benefit

Know Your Life Insurance Plan

Features

Financial Protection: SBI Life - Smart Shield Premier offers financial protection for your family. This way, you build a strong foundation for tomorrow while embracing what life brings to you today.
 
Benefit Options: A choice of two benefit options meets different coverage needs with SBI Life - Smart Shield Premier: Level Cover maintains steady coverage throughout the policy term, while Increasing Cover grows with your evolving responsibilities. This choice allows you to select a protection path that provides lasting stability for your family’s future.
 
Policy Term Flexibility: SBI Life - Smart Shield Premier policy term can be chosen based on your requirement, with coverage available up to the age of 85 years. This coverage window ensures support remains in place throughout your productive years.
 
Premium Payment Flexibility: SBI Life - Smart Shield Premier offers premium payment flexibility, allowing you to pay throughout the entire policy period or during a limited time that suits your earning years. Your insurance commitments match your income patterns and preferences, adapting to your financial situation.
 
Enhanced Cover: Enhanced coverage comes through optional SBI Life - Accident Benefit Rider that strengthens your security during critical moments. This additional layer provides extra financial support when accidents occur, helping your loved ones maintain their well-being and continuity.
 
Tax Benefits: Tax benefits under the current provisions of the Income Tax Act, 1961, add tax efficiency to the SBI Life - Smart Shield Premier. Your earnings work harder for you, supporting both today's life and tomorrow's promises.

Advantages

Security: SBI Life - Smart Shield Premier offers financial support that strengthens your family's ability to pursue their goals and maintain the life you have built together. Your loved ones receive what they need to continue building their lives, ensuring their journey forward remains stable.
 
Flexibility: With SBI Life - Smart Shield Premier, your coverage remains steady or grows with time, adapting to your family's changing needs and responsibilities. The plan thus evolves alongside the milestones and aspirations that you hold dearly. SBI Life - Smart Shield Premier policy term can be chosen based on your requirements, with coverage available up to the age of 85 years. This window ensures your family remains safeguarded throughout your active years. The plan also offers premium payment flexibility, allowing you to pay throughout the entire policy term or for a limited time that suits your earning years. Your insurance commitments align with your income patterns and financial comfort, adapting to your circumstances.
 
Reliability: SBI Life - Smart Shield Premier offers life coverage up to age 85, providing enduring confidence that spans decades of your family's journey. This means your loved ones can move forward with confidence, knowing security remains constant as life unfolds.

Plan Benefits

Death Benefit:

On the death of the Life Assured during the policy term, provided the policy is in-force on the date of death, Sum Assured on Death will be payable, and the policy will terminate.

Sum Assured on Death is the highest of:

Absolute Amount Assured on Death, or

11 times the Annualized Premium*, or

105% of the Total Premiums Paid# up to the date of death

Absolute Amount Assured on Death will be as follows:

For Level Cover benefit option, Absolute Amount Assured on Death will be the Sum Assured.

For Increasing Cover benefit option, Absolute Amount Assured on Death will be the Sum Assured increased by 10% at the end of every 5th policy year, provided the policy is in-force, subject to a maximum increase of up to 100% of Sum Assured. There will be no further increase once the Life Assured attains the age of 71 years.
 
Maturity Benefit:

No maturity benefit is payable under this plan.

*Annualized Premium is the premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums.

 

#Total Premiums Paid means the total of all premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

 

Downloads

For more details on risk factors, terms and conditions of SBI Life – Smart Shield Premier , read the following documents carefully.

• Product Brochure/Prospectus

• Policy Document

• Product Guide

• Customer Information Sheet (CIS)

• SBI Life - Accident Benefit Rider Brochure/Prospectus

• SBI Life - Accident Benefit Rider Policy Document

• SBI Life - Accident Benefit Rider - Customer Information Sheet (CIS)
 

Who Can Buy?

Age^ at Entry Minimum :18 Years Maximum :60 Years
Maximum Age^ at Maturity 85 Years
Benefit Options i) Level Cover ii) Increasing Cover
Sum Assured(in multiples of ₹1,00,000) Minimum :₹2,00,00,000 Maximum :The maximum Sum Assured shall be as per the Board approved underwriting policy
Premium Frequency Yearly, Half-Yearly & Monthly The premiums for Half-Yearly & Monthly frequencies will be calculated as:Half-Yearly: 51.00% of Annualized Premium Monthly: 8.50% of Annualized Premium
Policy Term (in years) Minimum :10 Years Maximum :85 less Age at Entry
Premium Payment Term (in years) Regular Premium :Same as Policy Term
Limited Premium :5,10,15,20,25 years The combinations for Premium Payment Term and PolicyTerm available are as follows:
Premium Payment Option Premium Payment Term (years) Policy Term allowed (years)
Regular Premium Same as policy term 10 to [85 less Age at Entry]
Limited Premium 5 years 10 to [85 less Age at Entry]
10 years 15 to [85 less Age at Entry]
15 years 20 to [85 less Age at Entry]
20 years 25 to [85 less Age at Entry]
25 years 30 to [85 less Age at Entry]

Premium$(in ₹)

 Premium Frequency Minimum Premium Maximum Premium
Yearly 9,500/- No Limit, subject to Board approved underwriting policy
Half-Yearly 4,500/-
Monthly 800/-
Rider SBI Life - Accident Benefit Rider (UIN: 111B041V01) Option A :Accidental Death Benefit (ADB)
Option B :Accidental Partial Permanent Disability Benefit (APPD)

^All the references to age are age as on last birthday.

$Premium shown above are excluding underwriting extra.

 

SBI Life - Smart Platina Advantage

Calculate Your Premium

Every chapter of your life comes with its own responsibilities. The right life insurance plan grows with you, supporting your goals and the ones you care about.

Based on your age, coverage, premium payment term and policy duration, discover a premium that fits your life.

1 Personal Details
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Name must be between 2 and 100 characters long.
  • ⓘ Name contains invalid characters. Only letters are allowed.

Select Your Gender

Discount

Do You Smoke?

2 Choose Your Policy Option
Choose Channel
  • Web Aggregator
  • Broker
  • Corporate Agent
  • Individual Agents
  • Direct Marketing
  • Insurance Marketing Firms (IMFs)
Choose a Plan
  • Level Cover
  • Increasing Cover
3 Choose Your Premium Option

Premium Frequency

Premium Payment Option

Policy Term
10 67
4 Choose Your Other Option
Sum Assured
2 Crore No Limit
5 SBI Life- Accident Benefit Rider (111B041V01)
Term for ADB Rider
10 10
ADB Rider Sum Assured
50,000 2,00,00,000
Term for APPD Rider
10 10
APPD Rider Sum Assured
50,000 1,50,00,000
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Enter a valid calendar date for Assured's DOB.
  • ⓘ Please select the valid Channel Option
  • ⓘ Please select the valid Plan Option
Sum Assured
₹2,00,00,000
Premium Payment Term
10 Years
Policy Term
10 Years
Email This to Yourself
Or Download as a PDF

Frequently Asked Questions

SBI Life - Smart Shield Premier is a pure term insurance plan that provides financial coverage to your family as per your requirement. It offers a death benefit with the options of a Level Cover or an Increasing Cover. You can also add the SBI Life - Accident Benefit Rider for additional coverage against accidental death or disability due to accident. As a pure term plan, SBI Life - Smart Shield Premier focuses entirely on coverage, with no maturity benefit available. This ensures your loved ones can continue their journey with dignity and clarity, knowing you have planned for their tomorrow. To know more about SBI Life - Smart Shield Premier speak to our experts here:

Yes. You can get a personalised premium quote for SBI Life - Smart Shield Premier instantly on our website by entering your details like age, sum assured, policy term, and payment frequency. Click link to get your personalised quote and begin your journey of securing your family.

To buy SBI Life - Smart Shield Premier, you need to be at least 18 years old. The maximum age of entry is 60 years. Check your eligibility for SBI Life - Smart Shield Premier click here

There is no standard waiting period for SBI Life - Smart Shield Premier once the policy is issued and active.

SBI Life - Smart Shield Premier offers flexible coverage options, allowing you to choose between a Level Cover or Increasing Cover to match your family’s growing needs. With coverage that can last up to age 85 years, SBI Life - Smart Shield Premier ensures that your loved ones are taken care of through every chapter ahead. Its optional SBI Life - Accident Benefit Rider provides an added layer of security in the event of an accident. With the choice of regular or limited premium payment options, you have the flexibility to secure what you value while the plan adapts comfortably to your goals.

To make a claim under the SBI Life - Smart Shield Premier plan:

  1. Inform SBI Life Insurance immediately about the claim event.
  2. Submit the filled claim form along with the required documents:
    • * Death certificate
    • * Policy document
    • * KYC and account details of claimant
    • * Medical or hospital records (if applicable)
    • * Police / FIR report (in case of accident)
  3. The insurer verifies and processes the claim. Once approved, the death benefit is paid to the nominee.

Yes. SBI Life - Smart Shield Premier premiums can be paid through monthly, half-yearly, or annual modes, whichever suits your financial planning.

SBI Life - Smart Shield Premier offers an optional SBI Life - Accident Benefit Rider (ABR) that provides an additional payout in case of accidental death or partial/permanent disability due to an accident. (Note: Rider availability and terms depend on board-approved underwriting policy.)

View All

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on Riders, terms and conditions, exclusions, please read rider brochure.

^SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB), and Option B: Accidental Partial Permanent Disability Benefit (APPD) 
WT/3K/ver1/02/26/WEB/ENG